New Child Safety Laws Could Transform Gaming Industry Regulations
Portfolio Pulse from Franca Quarneti
The U.S. Senate has passed the Kids Online Safety Act (KOSA) and the Children and Teens’ Online Privacy Protection Act (COPPA 2.0), aiming to introduce stricter regulations for tech companies, particularly affecting gaming platforms. These bills mandate stronger protections against cyberbullying, sexual exploitation, and other online harms, and enforce stricter age verification processes. COPPA 2.0 enhances privacy protections for minors by prohibiting targeted advertising and restricting data collection without explicit consent. The bills now await approval from the House of Representatives.
August 01, 2024 | 9:00 pm
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NEGATIVE IMPACT
Meta Platforms Inc. will be significantly affected by the new Kids Online Safety Act (KOSA) and COPPA 2.0, which enforce stricter age verification and data protection measures. Meta will need to adjust its policies and technologies to comply with these regulations.
Meta will need to invest in new technologies and processes to comply with the stricter regulations, which could increase operational costs and impact profitability in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Roblox, which reported 13,000 child exploitation cases in 2023, will be directly impacted by the new Kids Online Safety Act (KOSA) and COPPA 2.0. These regulations will require Roblox to implement stricter age verification and data protection measures.
Roblox will need to invest in new technologies and processes to comply with the stricter regulations, which could increase operational costs and impact profitability in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90